Sawtooth Asset Management buys $865,157 stake in CA (CA)

CA (CA) : Sawtooth Asset Management scooped up 2,494 additional shares in CA during the most recent quarter end , the firm said in a disclosure report filed with the SEC on Aug 15, 2016. The investment management firm now holds a total of 25,297 shares of CA which is valued at $865,157.CA makes up approximately 0.45% of Sawtooth Asset Management’s portfolio.

Other Hedge Funds, Including , Millennium Management boosted its stake in CA in the latest quarter, The investment management firm added 175,242 additional shares and now holds a total of 233,893 shares of CA which is valued at $7,999,141. CA makes up approx 0.02% of Millennium Management’s portfolio.Dynamic Technology Lab Private Ltd reduced its stake in CA by selling 763 shares or 5.39% in the most recent quarter. The Hedge Fund company now holds 13,383 shares of CA which is valued at $457,699. CA makes up approx 0.12% of Dynamic Technology Lab Private Ltd’s portfolio.New York State Common Retirement Fund boosted its stake in CA in the latest quarter, The investment management firm added 412,362 additional shares and now holds a total of 1,289,262 shares of CA which is valued at $44,092,760. CA makes up approx 0.06% of New York State Common Retirement Fund’s portfolio.Ngam Advisors boosted its stake in CA in the latest quarter, The investment management firm added 5,611 additional shares and now holds a total of 50,920 shares of CA which is valued at $1,712,440. CA makes up approx 0.02% of Ngam Advisors’s portfolio.

CA (CA) witnessed a volatile trading activity on Thursday , and eventually ended flat at 0.00% or 0 points without letting the bulls or bears take much advantage. The trading began at $33.95 and reached the intraday high at $34.06. The bulls started the profit booking and pushed the shares to intraday low of $33.645. The trading session was marked by a volume range of 26,69,996 shares exchanging hands. The 52-week high of the shares is $34.99 and the 52-week low is $25.18. The market cap of the company stands at $14,207 M and there are 41,89,48,660 shares in public circulation.

On the company’s financial health, CA reported $0.64 EPS for the quarter, beating the analyst consensus estimate by $ 0.03 according to the earnings call on Jul 27, 2016. Analyst had a consensus of $0.61. The company had revenue of $999.00 million for the quarter, compared to analysts expectations of $982.31 million. The company’s revenue was up 2.3% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.64 EPS.

Many Wall Street Analysts have commented on CA. Company shares were Downgraded by Barclays on Jul 15, 2016 to ” Equal Weight”, Firm has raised the Price Target to $ 35 from a previous price target of $33 .Mizuho Downgraded CA on Jul 14, 2016 to ” Neutral”, Price Target of the shares are set at $34.

CA Inc. (CA Technologies) is engaged in providing information technology (IT) management software and solutions. The Company operates through three business segments: Mainframe Solutions Enterprise Solutions and Services. The Mainframe Solutions segment products allow customers and partners transform mainframe management. The Enterprise Solutions segment consists of products including DevOps which allows customers to unite application development and IT operations; Management Cloud which includes the Company’s IT Business Management (ITBM) solutions API Management solutions and Enterprise Mobility Management solutions and Security which consists of identity and access management. The Services segment consists of product implementation consulting customer education and customer training.

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